San Francisco, CA (PRWEB) December 8, 2007
The revere mortgage industry is expanding to meet the financial demands of a growing retiree population, according to GoRevereandSave.com, which provides reverse mortgage information online.
The growth of the reverse mortgage industry is evident by Bank of America Corporation's decision to expand their reverse mortgage loans to the Bay Area. The company also recently expanded their reverse mortgage program to South Florida, the Carolinas and Georgia. Nearly a dozen other banks and lenders have recently entered the reverse mortgage industry, as well.
Reverse mortgage loans are available to homeowners over the age of 62, and they allow people to borrow against the equity in their homes. Reverse mortgage holders receive monthly tax-free payments from the reverse mortgage companies, which they can use for any expenses that arise during their retirement years. Reverse mortgage companies like GoReverseandSave.com work with lenders to offer the best financial products and government loan programs. Seniors now have a choice of loans to help meet their financial needs during retirement.
For additional reverse mortgage information, visit http://www.goreverseandsave.com.
About Go Reverse and Save:
GoReverseandSave.com is a leading online reverse mortgage lender dedicated to matching homeowners with the right loan at the right price. Whether buyers are looking for a fixed term loan or an adjustable rate reverse mortgage, GoReverseandSave.com makes applying for a reverse mortgage easy.
In addition to a variety of first reverse mortgage loans, GoReverseandSave.com also offers home equity loans, refinancing and debt consolidation. They can help to lower monthly payments, lock in a better interest rate or change the terms of a reverse mortgage with refinancing.
GoReverseandSave.com knows that paying off debt gets harder when borrowers have to pay more. That's why they make debt consolidation practical and easy by paying off high interest credit cards and consumer loans.
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